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Tds on sale of property

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2014 Dear Sir,

I have sold an urban land worth Rs.2crores. the buyer has made the full payment and not deducted TDS. Will the AO raise any objections to the same in my assessment??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
06 November 2014 non-deduction of TDS is not of your problem...the buyer needs to worry about it...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 November 2014 Purchaser has to pay the TDS and interest.Pl see section 201(1) and (1A).
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